Volkswagen AG is internationally known as the Volkswagen Group and is one of the leading manufacturers of automobiles and commercial vehicles in the world. The company operates in four segments: passenger cars, commercial vehicles, power engineering, and financial services. The group operates 117 production plants in 20 European countries and a further 10 countries in the Americas, Asia, and Africa. The Volkswagen Group sells its vehicles in 153 countries, and its brands include It provides its products Volkswagen Passenger Cars, Audi, ŠKODA, SEAT, Bentley, Porsche, Volkswagen Commercial Vehicles, Scania, MAN, Lamborghini, Ducati, Bugatti, MOIA, and TRATON. With its brands, Volkswagen has a robust presence in all relevant markets around the world. Every day, approximately 672,000 workers worldwide produce approximately 46,000 vehicles. They also work in other areas of the business or provide vehicle-related services. Volkswagen Group has had its vehicles sold in 153 different countries. Their goal is to make mobility sustainable for future generations and ourselves.
Volkswagen AG operates as a subsidiary of Porsche Automobil Holding SE, which holds a stake of 53.1% of the ordinary shares. The company offers spare parts, sub-assemblies, and other technical products. Porsche SE consults and provides technical assistance services for the development and manufacturing of vehicles, engines, and other related technical and economic activities.
Through the electric drive, digital networking, and autonomous driving, the automobile is quiet, intelligent, safe, and clean. The core product also becomes more emotionally engaging and offers a new driving experience. It is becoming part of the solution in climate and environmental protection. This is how the car can remain a keystone of affordable, contemporary mobility.
The passenger cars segment develops vehicles and engines and produces and sells passenger cars and related parts. The commercial vehicles segment develops, produces, and sells light commercial vehicles, trucks, and buses; and offers parts and related services. The power engineering segment develops, produces, and sells large-bore diesel engines, turbo compressors, industrial turbines, and chemical reactor systems, as well as gear units, propulsion components, and testing systems. The financial services segment provides dealer and customer financing, leasing, banking and insurance, fleet management, and mobility services. The company also offers motorcycles and turbomachinery.
Place of Remembrance of Forced Labour in the Volkswagen Factory
The “Place of Remembrance of Forced Labour within the Volkswagen Factory” permanent exhibition was opened in 1999. It is housed inside a former air-raid shelter located in shed 1 at Wolfsburg’s plant. Each room in the shelter is dedicated to a specific topic. You can get a complete picture of the impact of forced labor on the shelter’s scale and how much the company was involved in the National Socialist war economies by looking at photos, documents, eyewitness accounts, or items that were loaned to you personally.
Volkswagen Aktiengesellschaft’s history can be identified by employees and customers around the world. The Corporate Archives of Wolfsburg are the right tools to help you on your journey of discovery. These archives store only documents of genuine importance and make them accessible for research and other uses. The archives contain over five kilometers of files, nearly one million photos, 1,800 films as well as 70,000 publications. There are also 15,000 drawings, as well as digital data. This material serves as the starting point for writing historical documents and is also used to support legal authentication. It provides answers to all questions regarding the history and development of Volkswagen, its products, factories, employees, and plants. Prior arrangement is required to gain access to the Corporate Archives documents available for public consumption.
Total Production Plants
The Scalable Systems Platform will be used by the Volkswagen Group to combine its future technologies. After the Modular Electric Drive Kit (MEB), the Premium Platform Electric, (PPE), SSP is the next generation of all-electric, fully digital, and highly-scalable mechatronics platforms. It will soon be possible to build models for all brands and segments of the SSP. The SSP has more than 40 million Group cars.
Volkswagen will continue to create value in the area of software. The software will make up a large portion of the company’s total software development, including in areas such as software and hardware architecture, infotainment, software, and operating system, automated driver, cloud, and other strategic partnerships.
Battery and Charging
The goal is to have virtually all Volkswagen cars in all core markets by 2040 that are climate neutral. The key to this goal is battery cells and systems. These provide 40-50% added value in electric cars, and a complete infrastructure that allows for quick and easy charging. But energy services are also key success factors and can be a source of additional income in the new mobility industry.
NEW AUTO will integrate mobility as a Service and Transport as a Service. Volkswagen Group will provide integrated mobility and transportation solutions for all customers on one platform by 2030. The value chain is made up of four levels: driverless technology, vehicle integration, fleet management, and a platform that allows customers to use their mobility services.
Vehicle Production Location and Share (2021)
Vehicle Production Location and Share (2021)
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Volkswagen AG’s Sales Revenue
The revenue of Volkswagen Group grew in the fiscal year 2021. VW’s revenue of 287,586 million dollars earned it a place in the top 100 wealthiest companies in the world.
Volkswagen AG’s Regional Revenue
In North America, Volkswagen generated a revenue of 46,010 million dollars in 2021. Volkswagen Passenger Cars is its core brand. Its major subsidiaries include Audi, Bugatti, Lamborghini, Porsche, etc.
Volkswagen AG’s Global Vehicle Deliveries
Volkswagen shipped 8.88 million motor cars worldwide in 2021, which is 4.5 percent less than the 9.3 million it delivered in 2020. After losing its position to Toyota in 2020 it is now the second-largest motor car manufacturer in the world.
Volkswagen AG’s Global Vehicle Production
The Volkswagen Group manufactured 8.3 million cars in 2021.
Volkswagen AG’s Globally Number of Employees
In 2021, the Volkswagen Group employed around 668k people worldwide, up from 665k in 2020. Volkswagen Group announced in 2019 that it would see a decrease in its workforce between 2019-2023 in a press conference.
Volkswagen AG’s Automotive Division (R&D Spending)
Volkswagen’s automotive division research and development spending were 17,911.5 million dollars in 2021. In 2021, the company claims that more than 5,600 patents were filed for it. The majority of them were in Germany. These include research on electrification, digitization, and the development of new technologies.
List of Companies under Volkswagen AG:
Volkswagen AG acquired Auto Union GmbH from Daimler-Benz, which produces Audi vehicles. The four rings that comprise the Audi logo represent the four car companies: Audi, DKW, Horch, and Wanderer which banded together to create Audi’s predecessor. From the A3 sedan to the Q5 crossover SUV and the TT roadster, Audi is a popular luxury car brand across the globe.
Automobili Lamborghini S.p.A.
The company is wholly owned by Audi AG (acquired in 1998) and produces a less number of (3,000) niche vehicles each year.
MAN S.E. is a Munich-based company founded in 1758 and acquired by Volkswagen AG in 2011. In 2016, the company delivered 102,000 vehicles and generated just over 5% of Volkswagen’s total revenue.
Scania AB is a 125-year-old company headquartered in Sweden, which operates production facilities in 14 countries. It was acquired by Volkswagen in 2008.
Skoda Auto A.S.
It has been a part of the Volkswagen Group since 1991.
Bugatti Automobiles S.A.S.
Volkswagen AG also acquired this legendary Italian sports car manufacturer in 1998. The company designs passenger cars, sports vehicles, and utility vans, as well as supplies spare parts.
Ducati Motor Holding S.p.A.:
Is a wholly-owned subsidiary of Lamborghini, and has been part of the Volkswagen Group since 2012. The company designs and markets motorcycles, racing motorcycles, spare parts, accessories, and apparel, including suits, jackets, gloves, helmets, boots, protective garments, T-shirts, caps, and other items. It produces around 57,000 motorcycles each year.
Bentley is headquartered in Crewe, England, and has been part of the Volkswagen Group since 1998. They invested a total of US$ 2 Billion in Bentley to keep the luxury brand relevant and top-of-mind with wealthy patrons.
Volkswagen Commercial Vehicles
Volkswagen Commercial Vehicles (VWCV) has delivered 215,000 vehicles of the Caddy, Transporter, Amarok, and Crafter series to customers all over the world till May 2019.
SEAT is a 60-year-old Spanish automaker acquired by Volkswagen in 1986. The company develops its own cars in-house, has been producing over 500,000 units a year, and sold around 20 Million cars to date.
Skoda Auto A.S.
The company is a part of the Volkswagen Group since 1991. ŠKODA delivered 104,900 vehicles to customers worldwide in May 2019, and this represents a decline of 6.6% as compared to the previous year (May 2018: 112,400 vehicles). ŠKODA produces over one million vehicles per year and is present in over 100 markets worldwide. Like Volkswagen, Škoda Auto specializes in selling family-friendly sedans and compact cars.
- In April 2019, Volkswagen Group announced plans to merge its three Indian passenger vehicle subsidiaries – Volkswagen India, Volkswagen Group Sales, and Skoda Auto India – under one umbrella. The merger is intended to improve the efficiency of the existing synergies in the company in terms of the usage of resources.
- In May 2019, the company launched its special CUP edition across the Polo, Ameo, and Vento carlines. The special CUP edition reflects the fever of cricket by adorning stylish new leatherette seat covers and chrome badges.
- In June 2019, Volkswagen AG invested around US$ 1,009.7 Million in joint battery activities with Sweden-based Northvolt AB.
- In October 2018, Volkswagen AG acquired MAN Energy Solutions SE and all shares in Renk AG from MAN SE.
- In December 2018, Volkswagen Group acquired a 75.1% majority stake in “WirelessCar” from Volvo Information Technology AB.
- Volkswagen announced plans to buy an autonomous driving unit made by Huawei, in February.
- Volkswagen and SEAT S.A. announced in March that they would mobilize more than EUR 7 billion to electrify Spain.
- Volkswagen’s Audi brand increased its offer for a stake to the British Conglomerate Formula 1 team from EUR 450 million to EUR 650 million in April.
- Volkswagen announced that more than 1,500 Atlas FL and Atlas Cross Sport vehicles would be recalled in May.
- Volkswagen opened a new Malaysian regional parts distribution center in January.
- Volkswagen announced in February that it would launch a new compact SUV for Saudi Arabia.
- Volkswagen and Microsoft collaborated in February to accelerate the development of automated driving.
- Volkswagen’s Car Software Organization bought Hella KGaA Hueck & Co. in February.
- Volkswagen’s January launch of the KUSHAQ, SKODA AUTO products for the Indian market, was the first.
- Volkswagen and Audi merged together in February to create a stronger national sales company.
- Volkswagen India launched WhatsApp Business Services in February.
- Volkswagen’s Porsche AG division reached an agreement in March to raise its stake in Rimac Automobili from 24% to 24%.
- Volkswagen and BP partnered in March to extend ultra-fast electric vehicle charging across Europe.
- The Brose Group and the company entered into an agreement in March to form a joint venture for solutions to vehicle interiors.
- Volkswagen Group Innovation and Energy Web partnered in March to look into the integration of electric vehicle charging points.
- Volkswagen purchased a stake in Electrify America in July.
- Enel X, Volkswagen Group, and Volkswagen Group entered into an agreement to establish a joint venture that will provide full functionality for the development of electric cars in Italy.
- In July Volkswagen announced plans to build a battery-cell factory in Spain.
- Volkswagen and Gotion High-Tech partnered in July to create the first generation of unified batteries.
- In August, Volkswagen of America launched a Car-Net Carrier of Choice partnership with Verizon and T-Mobile.
- In September Volkswagen announced plans to build a battery system plant in Hefei.
- In September Volkswagen opened a new laboratory in Germany to conduct battery cell research and development.
- In November, the company acquired a stake in energy investor EIT InnoEnergy.
- Volkswagen announced plans to acquire French car rental company Europcar in October.
- In Europe/other, the company sold 4.7 Million vehicles (+0.2 %). Sales revenue amounted to €143.1 Billion or US$ 142.8 Billion.
- In North America, the group sold 0.9 Million vehicles, which is a decline of 6.8% Year-on-Year. Sales revenue of US$ 37.7 Billion was on level with the previous year.
- In the markets in South America, the company increased unit sales by 13.2% to 0.6 Million vehicles. Volume and mix improvements increased sales revenue by 4.2% to US$ 11.6 Billion.
- In the Asia Pacific markets – including the Chinese joint ventures – the company sold a total of 4.5 Million vehicles in 2018. Sales revenue rose by 10.3% to US$ 48.4 billion due to higher volumes and improvements in the components business at fully consolidated companies.
Volkswagen is Investing in the Future:
- Volkswagen announced a plan to spend around €44 billion (US$ 49.3 Billion) on e-mobility, autonomous driving, new mobility services, and digitalization in vehicles and at plants through 2023.
- The company also focuses on further improvement in earnings to secure the financial basis for the significant expenditure on Volkswagen’s future viability.
- The group majorly invested in electric and battery technology, signaling its intention to confront start-ups like Tesla, Inc. that have taken the lead in the emerging market for electric cars.
- The company announced plans to build 22 Million electric cars across its brands by 2028, which is a sharp increase from an earlier estimate of 15 Million.
Goals and Strategies:
With the future program TOGETHER – Strategy 2025 announced in 2016 – the company aims to make Volkswagen Group more focused, innovative, efficient, customer-oriented, sustainable, and systematically geared toward generating profitable growth.